GIANT Real Estate Solutions, LLC Responds to Climbing Short Sale Rates

Sept. 6, 2012 - PRLog -- ATLANTA―September 6, 2012―2012 may be a record year for short sales in the United States, according to RealtyTrac, the web’s largest online database of US foreclosures and publisher of the monthly US Foreclosure Market Report.

According to their analysis of the first quarter of 2012, short sales are at their highest quarterly level since 2009, increasing by 16% from the previous quarter. In January alone, the number of short sales in the US increased by 33% since January of last year.

In total, short sales accounted for 12% of all home sales in the US during the first quarter of 2012.

With a recent announcement by the Federal Housing Finance Agency, the rate of short sales is only expected to increase. The FHFA has released new guidelines for lenders of Freddie Mac and Fannie Mae loans in regards to short sales. These new guidelines set stipulations to shorten the amount of time lenders can take to review short sale requests.

Many real estate professionals have seized upon the growing distressed property market as an opportunity to serve a niche community of homeowners in distress. They have begun turning to various educational platforms, such as the Master Short Sale Certification™ course offered through GIANT Real Estate Solutions, LLC, to gain additional certification and know-how to compete in the distressed property market.

GIANT Real Estate Solutions, LLC is a company educating real estate agents and brokers to work confidently in the distressed property market. GIANT is home to the Master Short Sale Certification™ training course, which earns real estate professionals the Master Default Intermediary™ designation and is the most advanced short sale training available today. It focuses on training agents and brokers in various aspects of the distressed property market, including how to counsel with distressed homeowners, how to recognize when a short sale is and is not a homeowner’s best option, how to price and sell short sale homes, and how to work with lenders to facilitate the sale’s approval.

Upon successful completion of the Master Short Sale Certification™ course, real estate professionals receive the Master Default Intermediary™ designation, or MDI™, indicating that they are qualified to work in the distressed property market. This program and its corresponding designation not only instill confidence in sellers working with MDI™ agents but also in bank representatives, who prefer to work with an MDI™ agent above any other.

Over 12,000 real estate agents and brokers have already been trained, together helping more than 3,500 homeowners in the US avoid foreclosure.

As the short sale rate in the US is expected to continue its rise, expect to see more and more real estate professionals competing in the new market, pursuing additional designations such as a Master Default Intermediary™.  

For more information contact:
Hank Proctor
giantresolutions@gmail.com
1-678-661-1MDI (634)